New product: Geely’s five-seater Boyue is in the pipeline for production in Tanjung Malim, Perak, and will be Proton’s first SUV model. — Bernama
PETALING JAYA: Shares in DRB-Hicom Bhd
surged after the Pakatan Harapan government decided it would not buy Proton Holdings Bhd, paving the way for Chinese strategic partner Zhejiang Geely Holding Group Co Ltd to proceed with the turnaround of the national car company without political intervention.
Shares in DRB-Hicom closed up 28 sen, or 16%, at RM2.03.
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